Many separate businesses are owned by the same individual or groups of individuals. It is quite common for these related businesses to deal with one another in a variety of ways that, from a tax perspective, produce different results from those intended because special tax rules apply to related-party transactions. This webinar discusses the tax rules applicable to related-party transactions that produce different tax results from those that would result if the parties were not related. This pro

Many separate businesses are owned by the same individual or groups of individuals. It is quite common for these related businesses to deal with one another in a variety of ways that, from a tax perspective, produce different results from those intended because special tax rules apply to related-party transactions. This webinar discusses the tax rules applicable to related-party transactions that produce different tax results from those that would result if the parties were not related. This program provides a background in an area that every tax practitioner needs to ably advise his or her clients.

Objectives:

* Identify transactions to which the tax related party rules apply * Discuss the specific tax consequences resulting from the application of the related party rules * Determine who are related parties by virtue of the related party rules

Major Subjects:

* Defining related parties in different transactional contexts * How the attribution rules extend the range of the related party rules * Loss disallowances and deferrals due to related party rules * Ordinary income treatment when the seller and the buyer are related parties

Designed For:

Tax practitioners who may encounter related-party transactions in their practices